INDIANAPOLIS – April 1, 2009 – Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company (NYSE: Dow), and Syngenta announced today an agreement to cross license their respective corn traits for commercialization within their branded seed businesses. The agreement will allow both companies to maximize the value of their technologies and to bring greater choice and flexibility to growers. Under the terms of the agreement, Syngenta will receive global non-exclusive licenses, with stacking rights, to Dow AgroSciences’ HERCULEX® I Insect Protection for broad lepidopteran control, HERCULEX® RW Rootworm Protection for corn rootworm control and to HERCULEX XTRA, which is a combination of HERCULEX I and HERCULEX RW.
Additionally, Dow AgroSciences will receive global non-exclusive licenses with stacking rights to Syngenta’s Agrisure® GT trait for glyphosate tolerance, and to its insect control traits Agrisure® CB/LL for corn borer and Agrisure® RW for corn rootworm. The licenses also include access to Syngenta’s Agrisure Viptera£ trait for broad lepidoptera and to a second-generation trait for corn rootworm control.
Jerome Peribere, president and CEO of Dow AgroSciences, said, “With the combination of technologies, corn growers will benefit from increased flexibility through their preferred trait platforms, and we continue to be pleased that growers find the industry-leading HERCULEX® technology to be a valuable option to increase productivity due to improved pest protection.”
Financial terms of the agreement have not been disclosed.